Forex  Trading in Thailand

Top 3 Brokers and Top 3 Simple Strategy to trade Forex

Forex Trading in Thailand – A detailed Guide

Thailand is a country with many talented traders who have made a big fortune from the Financial markets. Forex trading in Thailand is more popular than stock trading. When we mention Forex trading in Thailand, it includes Currency trading, Commodity trading like Gold, Silver and Crude Oil, etc., and Index trading DAX30, US 500, FTSE 100, etc. While trading Forex in Thailand, all these trading assets are available for trading on the single Forex trading Platform.

Forex trading is the most liquid and largest asset market in the world. It involves the trading volume and the number of traders that enter the markets daily. Forex trading is one of the well-known investment options due to some reasons. The best among them is the profit potential that feeds billions of traders around the world. Forex has its fair share of risks and rewards. It offers plenty of chances for Forex traders to satisfy themselves in a part-time or full-time job. Forex trading in Thailand – It is so popular in Thailand among the trading community because of its higher profitability, and accessibility.  For starting Forex trading in Thailand, you don’t have to go through any complicated formalities.

All you have to do is

1. Finding a Forex Broker in Thailand, 2. Registering for a Real trading account or Demo Account, 3. Learn to Analyse the market and practice in Demo Account, 4. Fund your account from a credit or debit card when you are confident of trading, and 5. Start trading.

You might find trading Forex frightening at first. It is because it has various aspects that can confuse even final experts. Owing to the risks is common for new and average traders to lose more money. In this article, you will learn all the essential details required to trade the FX markets safely. Also, how to avoid some of the common risks linked with Forex trading.

Leading Forex Brokers in Thailand

easyMarkets logo


Min $200
Free Demo
MT4, MT5, Web

easyMarkets Review



Min $50
Free Demo

LiteForex Review

FBS Forex

FBS Forex

Min $10
Free Demo

FBS Review

Ava Trade


Min $250
Free Demo
Social trading, MT4

AVA Trade Review

Forex Time


Min $200
Free Demo

ForexTime Review

RoboForex Thailand


Min $10
Free Demo

RoboForex Review

Forex Trading – FX Tarding – CFD Trading – Learn Step by Step

What is Forex Trading or FX Trading?

Forex stands for Foreign Exchange or FX and involves transacting some currencies through worldwide markets and liquidity providers. You can trade the FX market by changing one country’s currency to another. It involves buying and selling currency pairs. According to the free trade agreement of 1971, currencies can float freely across different markets. And their values are defined by the global supply and demand.

There are some reasons for changing currencies in the world market. It includes business transactions overseas, paying for products and services, hedging against exchange rate changes, keeping currency reserves, etc. Before, Forex was traded by large firms like central banks, wealthy people, other commercial companies, etc. Since the start of the internet into the financial markets, Forex trading has become a standard investment option among retail traders.

Forex trading online is promoted through brokerage houses and liquidity providers. The market is open 24/5. The opening session is within the Australian Financial market on a Monday and closes at the New York financial market on a Friday. The Forex markets give access to currency pairs from almost all countries worldwide. Currently, 164 various currencies in the world flow across more than 195 countries around the world. 

Because of the market’s mechanics that involves supply and demand, the value of a currency against another keeps changing based on the existing market conditions. Currency pairs are traded by offering a buy rate and a sell rate to traders. The price of a currency is through the actions of its native Government. And country’s central bank may increase or decrease the value of its currency that will suit its monetary policies.

Economic aspects in the country that contribute to the variation in the value of the currency such as political analyses, rate decisions, unemployment, fiscal measures, civil crisis, war, and many more.

Some events that can cause wild swings in currencies and move pairs anywhere from 1% to 3% on a single trading day are sudden news releases, market announcements, etc.

You can measure market changes based on the second, third, fourth, or fifth decimal points of currency pairs. Each point movement is known as a pip. The profits and losses in Forex trading are according to the number of pips won or lost.

The 24 hours a day market lets traders get in and out of any time. The markets behave differently at certain times, but you can place orders at any time. It is as long that there is enough liquidity in the markets to absorb an order. Some traders, especially scalpers, enter the markets in a short amount of time. Long-term traders are known to hold on to their position for a long time. Forex brokers now offer the comfort of market-making accounts that take orders inside without giving them to the interbank liquidity provider.

Forex Trading in Thailand – The Role Of Forex Regulators 

The Forex market is known to be a non-regulated entity. The value of currencies is determined by several factors like the regulation of currency pairs. All Forex trading products are managed and regulated by various agencies across the different financial markets such as brokerage houses, asset managers, hedge funds, and all financial participants. Also, overseas financial transactions are regulated under the anti-money laundering laws required by the IMF and other groups. It is to ensure a safe environment that stops malicious actions like terrorism.

 Popular regulatory organizations include:

The CFTC and NFA from the US

The FCA from the UK

The BaFin from Germany

The CySEC from Cyprus

The ASIC from Australia

 Also, there are other lesser-known regulatory bodies such as:

The FSB of South Africa

The FMA of New Zealand

The FINMA of Switzerland

The IIROC of Canada

The FSA of Japan

 Regulation is the key to picking a good Forex trading broker. Choosing non-regulated brokers will be much risky for your investment and your trading results. So keep in mind to focus your efforts on finding the best-regulated Forex brokers that suit your needs and help you gain success.

Should I trade in Demo Account?

After you select a broker, the next step is registering with them. Now the question is, should you directly trade in a live trading account? NO, you should never trade in a live trading account, unless you are an experienced trader. Even, experienced traders trade in a demo account to test their skills and strategies. As a new trader, you must practice in a demo trading account. The demo trading account comes for Free; you need not deposit any money. Neither you have to provide any of your financial information or bank details for opening a demo trading account.

The demo account comes with virtual money of $10,000; you can trade in a real market environment with this money. But you never lose your own money as long as you trade in a demo trading account. You can consider depositing money after getting enough practice in a demo trading account. After you fund your account, you are ready for trading with real money. Now you must be extremely careful while trading as you can make some real profit and real loss as well.

Is Forex Trading Profitable in Thailand?

To be true, every trader does not make a profit from Forex Trading in Thailand. Only a few traders profit from the Forex market in Thailand.

Forex online trading is a genuinely profitable option for other investments. There are huge risks involves with the Forex markets, and you only try to trade online if you have an effective trading strategy. Psychological factors also play a role in defining the profitable outcome of trading. It requires traders to be emotionally stable while trading the highly volatile FX markets.

Trading Forex can provide a fruitful career in investments as long as you have control and motivation. Leveraged products are always risky despite the potential outcome; the market has a huge downside. In short, FX trading can be useful if you have the right tools and the right mindset.

What are the Costs Involved In Forex Trading?

Traders need to know the cost of the Forex trading to be aware of the expenses. In this guide, you will learn all of the costs acquired in Forex online trading:

Account Opening Fees (Minimum Deposit)

The minimum deposit needed for opening a trading account is the most basic cost of Forex trading. In the FX market, a minimum trading capital starts at $1. You can go up to millions of dollars depending on the type of account and on the broker. Regular Forex brokers often require a minimum deposit of $100 to $500, while some of the top Forex brokers in the retail market offer as low as $1. ECN and Direct Market Access brokers have higher deposit requirements because of the account nature. For a regular ECN trading account, expect to start with at least $500.


Spreads are real direct costs involved in Forex trading, paid right to a broker. Currencies are offered as pairs that have a buying and a selling price. The distinction between the two prices is known as the spread. It is shared between a broker, the interbank liquidity providers, and market agents. The brokerage offers various price levels with some markups on spreads that change depending on the market conditions. Currency pairs have 4 to 5 decimal pricing. And spreads start from 1 pip for major currency pairs. DMA and ECN accounts start from 0 pips, but real-time spreads are between 0.5 pips and 1.5 pips at prices given by interbank liquidity providers. Since ECN accounts offer ultra-tight spreads, brokers add extra costs to trading known as commissions. It is to earn a sizeable profit for their services.


Commissions are fixed fees that traders need to spend from $2 to $25 per traded lot. ECN brokers earn less money via spreads due to the competitive spreads offered on an ECN platform. Almost all ECN, STP, and DMA brokers charge a low amount of commission per traded lot. But some brokers might choose to do away with commissions by increasing the spread. To avoid commissions, some FX brokers promise a 0% commission and with a tight spread. But this might confuse some traders. If you found an ECN broker that does not charge commissions, the broker might charge you in other ways like markup spreads or hidden fees for trading.


Forex trading involves currency trades that require someone to buy or sell a currency involving another currency. Buying a currency of a country means that you appreciate its value. It lets you earn interest in your investment. Also, selling a currency means you are doing the exact reverse and have to pay interest. The interest rates are central bank rates of a currency and other economic factors. SWAPs are the overnight trading fee defined by the contrasts between the central bank rates and the quote currency. They are added instantly to the P/L of a trade at the end of a trading day. Some currency pairs offer positive SWAP that lets traders gain profits. Also, other pairs offer negative SWAP that makes traders pay a SWAP fee. Due to their religious views, Islamic traders are exempt from SWAP. But they will have to open a SWAP-free account when they sign up.

Deposit/Withdrawal Fees

Forex brokers offer various deposit and withdrawal options for their clients. And these are bank wire transfers, credit/debit card payments, and online e-wallets such as Skrill, PayPal, and Neteller. Each payment method has fees for transferring money between accounts and charged straight to the trader. The Fees may vary from 1% to 10%, depending on the mode of payment. Leading brokers offer free deposit options, while all withdrawal charges will depend on the particular type of payment.

Account Maintenance Fees

These fees are nearly few in the industry. Keep in mind that you should read through a broker’s terms and conditions. It is to ensure that there are no inactivity fees for not trading for a long period. Sometimes, low-level brokers may charge an inactivity fee for not trading by deducting a certain amount of money from your trading balance. Try to find brokers that offer a trading account for zero maintenance fee if possible.


Virtual Private Servers or VPS have dedicated trading servers that offer traders enjoy low latency, stable connectivity, and supports automated trading. The servers help run EAs and other automated trading strategies for traders that do not have access to the trading terminal. VPS costs from $20/month, but there are free VPS services at some brokers when you meet their minimum deposit requirements. VPS is well-known among large traders and used by expert traders and some investors.

Hidden Fees

Keep in mind that you have to be very careful about hidden fees. These are far more harmful to your trading results than the losses acquired in the market. There are also other charges such as trading signals fees, news subscriptions, management fees, and other business expenses. You might consider them to be a part of your FX trading journey.

What is leverage? How to use it responsibly while trading Forex in Thailand?

Leverage is an amount of position in the market that uses small trading capital. The standard amount of leverage in traditional financial markets varies from 1:2 to 1:10. But, in Forex trading, the maximum amount ranges from 1:50 to 1:2000. A standard 1:100 in leverage means, for every $1 that you invest, the broker allows a $100 worth of position in the market. The Forex brokers often quote the minimum margin requirements. So, for an account with a 1:100 leverage, brokers arrange a 1% minimum margin requirement, while for a 1:50, brokers quote a minimum margin requirement of 2%.

 Leverage is always like a double-edged sword. As an advantage, using it allows you to open a large position in the market and enjoy gaining profit. For a standard account using a 1:100 leverage, a $1000 trade on the EUR/USD pair, you will gain $100 for every ten pips movement. As a drawback, the same ten pips movement against a trader’s position will result in a $100 loss. The currency markets see an amount of volatility that sees an average of 50-100 pips movements within the span of a few hours, minutes, or seconds. Using the maximum leverage of 1:2000 on a standard account can occur in a margin call for as little as a five pip movement.

A Forex broker-made margin call serves as a stop-loss mechanism to protect traders from a negative balance. High leverage can wipe out the entire investment within seconds. And traders have no time to close their positions manually. Because of this, brokers offer margin call policies to help traders close all positions if the available margin in the account falls below a prescribed level. Margin calls and stop-outs are both at 10% to 50% of the account equity. Before the account equity falls to $0, they will quickly close all positions. As a trader, you need to be responsible enough in your trading. It is to help you avoid margin calls and conserve your trading investment against large movements in the market.

The Importance of an Excellent Forex Broker while trading 

The Forex Brokers in Thailand will give you access to the FX markets and act as a mediator between you and your desired financial instruments. They will serve as your trading partner in building a successful trading career. Safe and honest brokers offer complete peace of mind, and you need to make sure to choose a regulated one for your investment. It is common for non-regulated brokers to attract traders through promises like great bonuses and rewards. But it is up to them if how much they are willing to follow the regulatory guidelines.

Know the Online Forex Trading Platforms

Forex trading provides access to some of the most advanced trading platforms on earth. Some brokers introduce new exclusive trading platforms for some devices to cater to some requirements of modern traders. The market is home to third-party trading platforms for the retail trading market. The most famous third-party FX trading platforms are the MT4, the MT5, the cTrader, the NinjaTrader, and the TradeStation. Also, they are available for mobile devices like smartphones and tablets. They allow traders access to the market for trading on the go.

Do you have a strategy to trade Forex? How to Choose a Successful Online Forex Trading Strategy?

You can acquire successful strategies over time through hard work, patience, emotional excellence, etc. A trader needs to have a strong passion for trading to develop a successful trading strategy. As a trader, you need discipline, emotional stability, analytical skills, and a passion for trading. In building strategy, you do not have to lose your money,

You have the option to practice by using demo accounts. It will help you to hone your trading skills without losing your hard-earned money. While there is a difference between a demo account and a live trading account, practicing your skills on a demo account can make you a better trader as time flies. The Forex market offers unlimited demo accounts; make sure to use them before risking your trading funds.

Is Forex trading legal in Thailand?

It is legal to trade Forex in Thailand. Forex trading is known as a legitimate type of investment in many countries including  Thailand. Several reputed overseas Forex brokers are offering their trading services in Thailand, many of them have a local office in Thailand. 

It is always better to trade with a Forex broker having its registered office in Thailand. Although many traders prefer international brokers because of low trading costs and better trading features, you should always stay compliant with the local rules and tax liabilities to trade Forex legally in Thailand.

Frequently Asked Questions

Can I make money by trading Forex in Thailand?

Well, everybody trading Forex does not make a profit. A very few traders who trade with a good understanding of the Forex market and risk management only make a profit. You should learn to analyze the asset you are trading to increase your chances of making a profit in the trade.

Is my money safe with the Brokers while trading Forex?

It is safe to trade with the regulated Forex brokers in Thailand. The regulated brokers like easyMarkets, BDSwiss, and FBS are among the trustworthy Forex brokers in Thailand. You can deposit funds and withdraw your funds anytime you want. Your funds are always yours while trading Forex.

However, the traders lose funds while trading as a result of your trade outcome, which is normal while trading in the Financial markets.

Can I try Forex trading Broker before I invest ?

Yes, you can try the broker in a risk-free Demo Account. Every broker offers you a Demo Account for Free. You can practice different trading strategies, money management in your demo trading account.

Are you ready to make a career with Online Forex Trading?

If you are a patient and a professional trader, you can be a profitable and successful Forex trader. Also, the Forex market lets you manage other people’s money; you can create an excellent history of trading performance free from any emotional dysfunctions. Some top traders in the industry have a fruitful trading career by managing other people’s money successfully. Also, they earn a hefty commission from their trading returns. But, to be successful in FX trading, you should start with the basics and be willing to improve your trading skills.